By Andy Young and Deborah Jackson
After announcing increased sales and record profits last year, things keep on improving for ILG.
Speaking at the group’s race day at Hawkesbury last week, ILG’s CEO Allen De Costa (pictured) said that the business was growing and that its expansion into Far North Queensland was also proving successful.
“We grew the business by $48m or 15 per cent but what was actually great is that bottom line profit grew by 30 per cent or about $3.6m,” De Costa told race day guests.
“But our existing membership base, we actually improved the member benefits by rebates or money into sites by a further 10-15 per cent. So the Co-op is nice and strong, we're just under $400m in sales which is nearly double sales in the last four years.”
He added: “Townsville is absolutely fantastic, we've got annualised sales up at Townsville of about $25m and we've only been up there for four or five months. We're only about three or four months away from a break even stage there.”
The warehouse in Townsville was purchased last year, in order to help ILG service the area from Rockhampton to north of Cairns, including the islands to the east and townships to the west.
Last year De Costa also set out bold plans for the future, targeting sales of $400m within the next 2-3 years, an increase of ILG’s Tier One Banner Advertising Members as well as improving Banner compliance and execution and also continuing to provide a low cost and efficient route to market to satisfy their Supplier shareholder members.